Prenuptial Agreements
It is probably just a sign of the times, but my law firm seems to assist more and more people each year with prenuptial agreements. These agreements are important from an asset protection standpoint. Many of the assets accumulated during your marriage will be subject to claims of your spouse if you get divorced. A prenuptial agreement can identify separate property and keep it separate. It can insulate that property in the event of a future divorce.
Prior to any marriage in which either party already has significant net worth, consideration should be given to a prenuptial agreement. This is particularly true in the case of a party who has already been divorced, who has inherited substantial family wealth, or otherwise has assets he or she wants to keep separate.
Whether or not to enter into a prenuptial agreement is a personal decision and must be based on the particular facts and circumstances of each case. Each party to a marriage brings many things to the marriage (some good and some not so good!). But if you want to keep certain assets protected in the event of a divorce, you need to consider a prenuptial agreement.
